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Xanth Co. has 4.3% annual coupon bonds with face value of $1,000 and 7 years remaining...

Xanth Co. has 4.3% annual coupon bonds with face value of $1,000 and 7 years remaining until maturity. The bonds are priced to yield 7.3%. What is the present value of the bonds face value to be repaid at maturity (do not include the coupon payments)?

Round your answer to two decimal places.

(Please solve using N, I/Y, PV, PMT, and FV on a financial calculator)

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